Robohub.org
 

Medrobotics, Monsieur and Arago get funding

by
22 October 2014



share this:
pile_of_money

Venture funding is continuing to flow. Three recent recipients: $20 million to Medrobotics, $2 million to Monsieur and $55 million to Arago AG.

Medrobotics, a medical robotics start-up company, has raised $109.3 million in six rounds from a single venture fund: Hercules Technology Growth Capital. The most recent, a $20 million preferred stock financing, just closed.

Boston-based Medrobotics is developing a robotic assist platform that enables surgeons two-handed dexterity with single-site access and visualization. Their Flex System, although not presently available in the US, has received the CE Mark, and therefore has enabled limited marketing and availability in Europe.

Atlanta-based Monsieur, a start-up with a $4,000 robotic bartender, has raised $2 million in seed funding from seven sources including two NFL and NBA sports stars.

“We are in pilot with several NBA arenas, one of the top hotel brands that has over ​4,000​ locations, and​ a popular movie theater brand that has over ​500​ locations. Monsieur will be in at least 3 NBA arenas this basketball season. Those arenas have a total capacity of​ over​ ​110​,000 attendees,” said co-founder and CEO Barry Givens.

Arago AG, a German artificial intelligence firm, received $55 million from New York-based KKR, a private-equity firm, for a minority stake in Arago. Arago AG has developed problem-solving software that lets software correct up to 80% of incidents, disorders and problems in operating systems and applications without human intervention. The software makes decisions like a human administrator and triggers actions automatically.

To start globalizing Arago’s customer base, KKR will introduce the technology to managers among the more than 90 companies in which it owns stakes. Those companies spend a combined $10 billion a year on IT, according to KKR.

Arago AG’s product line is similar to that of a few emerging robotic-like AI softwares that replace human functions but are not really robots.



tags: , , ,


Frank Tobe is the owner and publisher of The Robot Report, and is also a panel member for Robohub's Robotics by Invitation series.
Frank Tobe is the owner and publisher of The Robot Report, and is also a panel member for Robohub's Robotics by Invitation series.





Related posts :



How robots learn to hike

A new control approach that enables a legged robot, called ANYmal, to move quickly and robustly over difficult terrain.
20 January 2022, by

How robots and bubbles could soon help clean up underwater litter

Everyone loves to visit the seaside, whether to enjoy the physical benefits of an exhilarating swim or simply to relax on the beach and catch some sun. But these simple life affirming pleasures are easily ruined by the presence of litter, which if persistent can have a serious negative impact on both the local environment and economy. However, help is at hand to ensure the pristine nature of our coastlines.
19 January 2022, by

Maria Gini wins the 2022 ACM/SIGAI Autonomous Agents Research Award

Congratulations to Maria Gini on winning this prestigious award, recognising her research and leadership in the field of robotics and multi-agent systems.
18 January 2022, by

UN fails to agree on ‘killer robot’ ban as nations pour billions into autonomous weapons research

Given the pace of research and development in autonomous weapons, the U.N. meeting might have been the last chance to head off an arms race.
16 January 2022, by

Science Magazine robot videos 2021

A compilation of Science Magazine videos featuring robotics research that were released during last year.
14 January 2022, by

CBQ: Commercial-grade Autonomous Mowers, Safety, and Dogfooding | Sense Think Act Podcast #11

In this episode, Audrow Nash speaks to Charles Brian Quinn (aka, CBQ), CEO and a Co-Founder of Greenzie. Greenzie make an autonomous driving system for commercial lawn mowers. We talk about Greenzie's...
11 January 2022, by and





©2021 - ROBOTS Association


 












©2021 - ROBOTS Association